Third Loan definition

Third Loan means the amount of R25 000 000 (twenty five million Rand) which the Borrower agreed to borrow from the Lender and which the Lender agreed to lend to the Borrower and which amount was credited to the loan account of the Lender against the Company in terms of an agreement dated 13 November 1997 and which amount is still outstanding.
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Third Loan shall have the meaning set forth in Section 1.8(a).
Sample 1
Third Loan means certain CDBG loan in the third mortgage lien position, made by the Third Lender, in the original principal amount of $1,154,462 as evidence by a promissory note and other documents dated as of substantially even date herewith.
Sample 1

Examples of Third Loan in a sentence

  • The Third Loan bears an annual interest rate of 6.4% with a grace period of twelve months and a maturity date of July 2021.

  • An appeals process for the moratorium, which was redundant because a similar limited access appeals process was already established for the IFQ program.

  • Sr. Cárdenas requested and obtained a series of time extensions: from March 2008 through July 2009 Lion signed maturity date extensions on the First Loan four times42, on the Second Loan seven times43, and on the Third Loan six times44.

  • While on February 28, 2007, the mortgage only secured the First Loan, it was subsequently replaced to also cover the Second Loan (on June 13, 2007) and Third Loan (on April 2, 2008), respectively, Protocol Mortgage No. 92.496 of April 2, 2008, recorded under Book 285, section II, A-13 of the Public Property and Commercial Registry of Bucerías, Nayarit on May 19, 2008 / April 2, 2008.

  • If no Loan Extension Option is exercised, 17 November 2022.If the First Loan Extension Option is exercised, 17November 2023.If the Second Loan Extension Option is exercised, 17November 2024.If the Third Loan Extension Option is exercised, 17November 2025.

  • The “ Guadalajara Mortgage 2” secured the Third Loan, including both capital and interest.

  • Under the Statement of Claim, the Plaintiff alleges that it had provided 3 friendly loans to SCPJ wherein the First Loan for the amount of RM500,000 was paid on 23rd July 2012; the Second Loan on 3rd September 2012 for the sum of RM250,000 and the Third Loan was paid to Maju Institute of Educational Development (“MIED”) for the sum RM1,500,000 on the instruction of SCPJ.

  • Specifically, the court granted Defendants' motion to dismiss with respect to the First Loan and the Third Loan, finding both loans clearly violated section 37-10-107 of the South Carolina Code (2015).4 The court additionally dismissed Kagan's claim for intentional infliction of emotional distress as to all three loans.

  • The Respondent argues that none of the loans may qualify as an investment under the Privatization Agreement, and points out that not all of the loans were advanced by the Claimants to ZN – the Third and Fifth loans were advanced to different entities, including a Dutch company in the case of the Third Loan.

  • This financial statement indicated that GRHC’s “Net Income” was ($395,966.80).GRHC paid Ansell, Stevens, and Gardner salary in the amount of $115,000 per person, totaling$345,000.15 The $330,000 Loan from Berks County Community Foundation (Third Loan) On August 26, 2004, the individual Defendants formed Forward Windpower, LLC (“FW”), a Delaware limited liability company.16 Defendants applied for additional funding from the Foundations.17 The Community Foundation for the Alleghenies declined FW’s request.


More Definitions of Third Loan

Third Loan means the loan of $750,000.00 from the Bank to the Borrower.
Sample 1
Third Loan means the Facility B Loan.
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Third Loan means the unsecured nonrecourse loan made to the Seller by LRMC in the original principal amount of $38,670; the rights, duties and obligations of the Seller as to the Third Loan are to be assumed by the Partnership as of the Initial Closing. The Third Loan: (i) is to be evidenced by a certain promissory note to be executed by the Partnership as of the Initial Closing; (ii) bears interest at the rate of one per cent (1%) per annum, compounded annually; and (iii) is to mature on March 31, 2026. Payments on account of principal of and interest on the Third Loan are to be made as follows: (a) payments on account of interest on and principal of the Third Loan are to be made annually from and to the extent of Net Cash Flow remaining available after payment of all obligations due with respect to the Development Fee; and (b) the entire outstanding balance of principal of and interest on the Third Loan shall be due and payable upon the maturity of the Third Loan.
Sample 1
Third Loan shall have the meaning set forth in the Securities Purchase Agreement.
Sample 1

Related to Third Loan

  • ARD Loan Any Mortgage Loan that provides that if the unamortized principal balance thereof is not repaid on its Anticipated Repayment Date, such Mortgage Loan will accrue Additional Interest at the rate specified in the related Mortgage Note and the Mortgagor is required to apply excess monthly cash flow generated by the related Mortgaged Property to the repayment of the outstanding principal balance on such Mortgage Loan.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • PPP Loan has the meaning set forth in Section 3.28.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Term SOFR Loan means a Loan that bears interest at a rate based on Term SOFR.

  • Existing Loan means the loan identified on Exhibit H.

  • Term Loan as defined in Section 2.1.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Refinancing Loan shall have the meaning provided in Section 2.14(h)(i).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.